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Euro Mixed Ahead Of German IFO Business Confidence Report

Germany's Ifo business confidence report is due out at 4:00 am ET. The index is expected to rise to 106.1 in July from 105.9 in June. At the same time, the current conditions index is seen at 109.7 compared to 109.4 in June.

The euro showed mixed trading ahead of the report. While the common currency edged higher against the dollar and the yen, it drifted weaker against the Swiss franc and the pound. As of 3:55 am ET, the euro was trading at 1.3215 against the US dollar, 132.20 against the yen, 0.8605 against the pound and 1.2370 against the Swiss franc.

by RTTNews Staff Writer

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